- Yi: +60.04
- Moderately oversold: UNG
- Attempting to hold the 28 DMA: CAKE, ROK, $UST30Y
- Attempting to hold the 65 DMA: BMY, $USD, UUP
- Up against the 65 DMA: NTR, PBI
- Up against the 28 DMA: Z
- Up against some falling trend line resistance: SIL, SLV, UBER
- Moderately overbought: GM, LPL, NCR, $PLAT, PPLT, T
- Overbought: LOW, XLY, YUM
- Toppy: A, ETN, HD, $HGX, IYJ, KLIC, LEN, MANT, MDC, MMC, MTH, NDAQ, NOBL, WHR, WSO
- A break out either way is setting up for: AFL, BIDU, CVS, DE, JNJ, M, PM, TRV, VNO
- Anything posted on these pages may be off base.
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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